Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Attock Cement Pakistan Limited (ACPL) was incorporated in Pakistan on October 14, 1981 as a Public Limited Company and is listed on the Karachi Stock Exchange. The company started its commercial production on June 1, 1988 and has recently added a new plan
Attock Petroleum Limited (APL), sponsored by the "Pharaon Investment Group Limited Holdings s.a.l" and Attock Oil Group of Companies, started its operations in 1997. It is listed on the Karachi Stock Exchange.
National Refinery Limited (NRL) was incorporated as a Public Limited Company at Karachi in 1963 and is listed on the three stock exchanges of the country. NRL is a petroleum refining and petrochemical complex producing a wide range of fuels, lubes, BTX (p
Attock Refinery Limited (ARL) is the pioneer in crude oil refining in the country with its operations dating back to 1922. From batch distillation stills of 2500 Barrels Per Day (BPD) capacity, ARL has today grown into a modern state-of-the-art refinery w
Pakistan Oilfields Limited (POL) promoted by the Attock Oil Company (AOC) was incorporated on November 25, 1950 as a Pakistani Oil Exploration and Production Company. In 1978, POL took over from AOC, the entire oil & gas exploration, production, gas proce
The Attock Oil Company Limited (AOC) was incorporated in United Kingdom on December 1, 1913. The Company is principally engaged in exploration, drilling and production of petroleum and related activities in Pakistan.
Attock Group of Companies with a history spread over nearly 100 years is today, the only fully integrated group covering all segments of oil and gas sector from exploration to production and refining to marketing of petroleum products, besides being also
Mobilising and generating affordable and environment-friendly energy resources is one of the key challenges for any nation in today's world. Today the top priority for Pakistan is Energy and Power Generation. According to the macroeconomic indicators, the
I wish to extend my heartiest congratulations to the management and staff of the Attock Group of Companies on the ground breaking ceremony of Attock Gen Limited (AGL), the first venture of the Group in the field of power generation.
Private Power Infrastructure Board (PPIB) wishes to congratulate the Attock Group of Companies on the auspicious occasion of the ground breaking ceremony of their power project, Attock Gen Ltd. (AGL). This is indeed an important milestone in the developme
It is indeed a matter of great pleasure for me that the Attock Group of Companies is launching another project of National importance, this time in Power Generation.
On behalf of the Ministry of Water and Power, I offer felicitations to Attock Group of Companies on the Ground-breaking Ceremony of Attock Gen Limited.
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Let me, at the outset, Congratulate the Attock Group of Companies on the Ground Breaking ceremony of Attock Gen Limited. Today, the top priority for Pakistan is Energy and Power Generation, required for our industrial development and for achieving the amb
The Canadian bond prices rallied immediately after the weak jobs data on Friday, and even further after the release of soft US data, but the gains were handed back and bonds closed just a touch higher.
The Canadian bond prices rallied immediately after the weak jobs data on Friday, and even further after the release of soft US data, but the gains were handed back and bonds closed just a touch higher.
Emerging sovereign debt prices were unchanged on Friday in a lacklustre market while domestic assets in Latin America attracted most of investors' attention. Brazil's global bond due 2040, considered the emerging market benchmark paper due to its high liq
Emerging sovereign debt prices were unchanged on Friday in a lacklustre market while domestic assets in Latin America attracted most of investors' attention. Brazil's global bond due 2040, considered the emerging market benchmark paper due to its high liq
US corporate bond spreads held firm on Friday as stocks rebounded on easing inflation concerns, while bonds of Movie Gallery Inc slumped on disappointing earnings. Movie Gallery's debt prices fell after the No 2 US video rental chain posted a quarterly lo
US corporate bond spreads held firm on Friday as stocks rebounded on easing inflation concerns, while bonds of Movie Gallery Inc slumped on disappointing earnings. Movie Gallery's debt prices fell after the No 2 US video rental chain posted a quarterly lo
The Toronto Stock Exchange's main index closed above the 14,000 mark for the first time on Friday, boosted by tame US inflation data and strength in commodity prices. The S&P/TSX composite index closed up 150.69 points, or 1.1 percent, at 14,003.82, a rec
The initial public offering of nursing home owner Skilled Healthcare Group Inc next week bucks the trend of many health care services companies, which have been ducking out of the stock market to escape the glare of investors.
Equities investors go into the week ahead in pensive mood, assessing whether a few days of losses are based on well-founded worries about growth and interest rates or represent just a temporary pause for breath.
Chilean stocks edged up on Friday, boosted by rising markets in the United States amid reassuring inflation news, and the peso rose against the dollar. Chile's all-market IGPA index rose 0.21 percent to 14,440.52 points, while the blue chip IPSA index ros
Brazil's stocks rebounded on Friday after the worst one-day drop in two months in the previous session. The Bovespa index of the Sao Paulo Stock Exchange rose 1.33 percent to 50,902.38 points, after dropping 2.07 percent on Thursday.
US government bond prices slid on Friday, reversing early gains as stocks climbed on easing inflation concerns, which sparked investor hopes of earlier Federal Reserve rate cuts than had been expected. Investors' demand for stocks and other riskier assets
US government bond prices slid on Friday, reversing early gains as stocks climbed on easing inflation concerns, which sparked investor hopes of earlier Federal Reserve rate cuts than had been expected. Investors' demand for stocks and other riskier assets
Mexican stocks rose to a record high close on Friday, boosted by gains in heavyweight cell phone operator America Movil and stable US inflation data. The IPC stock index jumped 1.37 percent to end at 30,058.75 points.
Sara Lee Corp's credit spreads remain prone to weakness amid fears the company could succumb to a leveraged buyout, yet analysts are divided on the likelihood a deal will get done.
Sara Lee Corp's credit spreads remain prone to weakness amid fears the company could succumb to a leveraged buyout, yet analysts are divided on the likelihood a deal will get done.
US stocks rose on Friday, rebounding from their steepest fall in two months, on reassuring inflation news that may give the Federal Reserve room to lower interest rates. Shares of rate-sensitive financial services stocks - such as Goldman Sachs Group Inc,
Wage growth in Australia is expected to have climbed to decade-highs last quarter but, while the headline number might unnerve investors, one-off factors should limit the repercussions for inflation and interest rates.
Malaysia looks increasingly likely to lift partially a decade-old ban on offshore trade in the ringgit this year, seizing the chance to please investors while its currency is strong and reserves ample.
The dollar slipped against the euro on Friday, weighed down by a surprise decline in US retail sales and benign core producer prices, which bolstered the view the economy is losing momentum.
Speculators hardly changed the amount of their total bets against the dollar in the week to Tuesday, data from the Commodity Futures Trading Commission shows.
Indian consumers may be feeling the effects of a year of interest rate rises, but full corporate order books and strong investment spending suggest the economy has lost only a bit of froth and underlying growth is robust.
Asia-focused British bank Standard Chartered Plc, has agreed to buy a 49 percent stake in small Indian brokerage UTI Securities Ltd for $36 million, local media reported on Saturday, quoting unidentified sources.
Asia-focused British bank Standard Chartered Plc, has agreed to buy a 49 percent stake in small Indian brokerage UTI Securities Ltd for $36 million, local media reported on Saturday, quoting unidentified sources.
Indonesia's central bank may intervene in the foreign exchange market to help smooth out fluctuations in the rupiah and keep it within an acceptable range, its governor told reporters on Friday.
India's largest lender State Bank of India on Saturday reported a 75 percent rise in its quarterly income, beating expectations as strong loan demand and lower taxes boosted earnings.
India's largest lender State Bank of India on Saturday reported a 75 percent rise in its quarterly income, beating expectations as strong loan demand and lower taxes boosted earnings.
Kuwait's central bank is expected to allow its dinar currency to appreciate by 3 percent in the next six months to check inflation and soak up cash pouring into the oil exporter's economy, Deutsche Bank said in a report.
US arabica coffee futures inched lower on Friday as a continued lack of fresh fundamentals kept dealings in another rangebound session, while light origin selling added some pressure, traders said. "There's nothing new to help the market. We are just in f
Rough rice futures at the Chicago Board of Trade closed higher on Friday on light speculative buying amid a surge in the corn and soybean markets, traders said. Supportive data for world rice supplies in the US Department of Agriculture's May report added
US copper closed up one percent on Friday as a weaker dollar made the metal more attractive to buyers and helped it recover from losses early in the session and on Thursday. The market fell 3 percent Thursday on liquidation of long positions and stop-loss
China has stopped buying Australian malting barley as a world wide shortage has sent prices soaring, and further sales are unlikely until the next harvest later this year. Australia's biggest barley exporter, South Australian-based ABB Grain Ltd, said thi
In a very strong week with a small offering and an increasing US exchange rate, the Australian wool market finished 2.4 percent higher, on average, at sales in Sydney, Melbourne and Fremantle this week.
US cocoa futures settled firm on Friday in a technical rebound, with underlying support from sterling, which strengthened relative to the dollar during the session, dealers said. "It goes back to ... when we held that 50 percent retracement level. So, the
Soybean futures at the Chicago Board of Trade ended up 2 percent on Friday, lifted by the government's small US ending stocks figure and a strong rally in corn, traders said. CBOT soy closed 4 to 17 cents per bushel higher, with May up 17 at $7.50 per bus
US gold futures rebounded to finish higher amid heavy volume on Friday after the previous session's sharp sell-off, helped by a reversal of the dollar's strength against the euro and physical buying at lower prices.
Raw sugar futures settled firmer on Friday on options-related and speculative buying as the trade pondered the direction of the sweetener given its bearish fundamentals, brokers said. The New York Board of Trade's July raw sugar contract gained 0.03 cent
Metal prices mainly fell last week as the dollar rallied, while oil slipped as the supply situation improved in the United States, the world's biggest consumer of energy. A stronger US unit decreases demand for dollar-denominated commodities, such as gold
A trans-Atlantic power struggle over World Bank President Paul Wolfowitz's fate may be coming to a head after an internal probe reportedly found him guilty of breaching ethics rules. Attention is expected to shift to the bank's board of directors, which o
Refer to a letter appeared in Business Recorder on April 27, 2007 regarding Gold Crest Tower Project in Islamabad which is correct. I have also booked apartment in the above project but still not received any intimation about the project nor refund
With the start of summer people have again been facing a shortage of electricity in the city. This is a big problem for the students who have to prepare for exams. Industrial areas are also suffering from this critical situation.
Ever since our mutually arranged cease-fire with India, it appears that Pakistan has become a sort of a battleground. As a frontline state against terror, we are fighting terrorists in Balochistan, Waziristan, Bajaur and are confronted with extremist figh
For the past six months Fang Limin has travelled across China in a desperate search for employment, but he is no normal migrant labourer. Fang has a college degree in accounting and speaks decent English but is nevertheless among record numbers of Chinese
One recently read two separate and apparently unconnected stories concerning sugar crisis, one more depressing than the other. In one it was stated that Advisor to Prime Minister on Finance left the Pakistan Sugar Mills Association (PSMA) in limbo by hurr
Addressing a meeting of the board of governors of the Pakistan Agricultural Research Council (PARC), Minister for Food and Agriculture, Sikandar Hayat Bosan, is reported to have painted a gloomy picture of its research environment, attributing it to caree
A peculiar proclivity of the present dispensation in the country is the midstream attempts, often aimed at bringing about changes or adaptations, almost as an afterthought, in policies that have been finalised and approved at the highest level. This type
The Punjab government is actively considering to establish an "export trade centre" for women in the province. The products, being produced by womenfolk engaged in business, would be displayed at this proposed export trade centre, work on which would be c
Former Azad Jammu Kashmir (AJK) Prime Minister Sultan Mehmood Chaudhry has urged Canadian government to help resolve Kashmir issue besides extending assistance to the earthquake-hit Kashmiri people.
Etihad Airways has signed the terms of a dollars 400 million agreement for an Islamic lease financing facility. This will be used to finance the Airline's acquisition of four Airbus A340-500 aircraft delivered in 2006, says a statement of Etihad issued he
Takaful provides insurance cover to those people, who are living below poverty line and are not able to pay the premium of conventional insurance companies, said Chief Executive Officer of Takaful Pakistan Captain M Jamil Khan here on Saturday.
Joint opposition have appealed to the Supreme Court of Pakistan to take suo moto notice of state terrorism, illegal confinement of Chief Justice of Pakistan and file murder case against President Pervez Musharraf, Governor and Chief Minister of Sindh for
President of the Institute of Management Accountants of USA Paul A. Sharman will speak at the 18th Shoaib memorial lecture at a local hotel on Sunday (May 13). This was announced by the spokesperson of the Institute of Cost and Management Accountants of P
The Karachi Union of Journalists (KUJ) has strongly condemned pre-meditated attack on Aaj TV and other media and deplored the government's failure to intervene and provide protection.
The Islamabad chapter of Halqa i Arbab Zauq arranged a successful discussion programme on Friday night to mark the 85th death anniversary of Saadat Hasan Manto (1912-1955), undoubtedly one of Urdu literature's best short story teller.
The NWFP Chief Minister Akram Khan Durrani has emphasised the need for enhanced co-operation and close liaison among all law enforcing agencies and establishing of a comprehensive intelligence gathering mechanism in order to check criminal activities in t
Regional Met office has forecast dry weather for Quetta valley and its surroundings for the next 24 hours. On Sunday, the maximum temperature is expected to remain between 33 to 35 degree Celsius while minimum between 08 to 10 degrees Celsius. The highest
Rawalpindi-Islamabad Union of Journalists (RIUJ) has strongly condemned attack on the independent private TV channel, AAJ, and criticised the provincial and Federal governments for their failure to provide protection to one of the most respected and popul
Sialkot district government has decided to initiate a vigorous drive against smoke emitting and without silencer vehicles shortly in all parts of the district. Official sources told Business Recorder here on Saturday that the step was being taken t
Cadmium is environmentally hazardous in addition to posing a serious threat to crops in the country. Dr Abdul Ghani, a PhD scholar, revealing this in his thesis said that the research was designed to determine the cadmium tolerance potential of a lot of m
Brian D Hunt, Principal Officer, Consulate of the United States of America, has expressed delight at the initiative taken by the University to promote career awareness and guidance to students and hoped that it would prove extremely beneficial in ensuring
Former President Punjab Union of Journalists (PUJ) and Vice President South Asian Free Media Association (SAFMA) (Punjab) Jalil Hassan Akhtar Raja here on Saturday has severally condemned attack on Aaj Television and has termed it as another attemp
Thousands of Kurds on Saturday demonstrated in Strasbourg against the imprisonment of banned Kurdistan Worker's Party leader Abdullah Ocalan. Police estimated that around 15,000 Kurds participated in the demonstration.
A Saudi civil court is to hear the first ever case brought against the kingdom's religious police charged with enforcing a strict Islamic moral code, the woman plaintiff's lawyer told AFP on Saturday.
Algerian security forces arrested three Libyan Islamic militants planning to join al Qaeda's north African wing, Algeria's official news agency APS said on Saturday.
A bomb ripped through a marketplace in the western Turkish city of Izmir on Saturday on the eve of a massive secular rally, killing one person and leaving 14 others injured, officials said.
American troops launched a massive hunt for three missing comrades on Saturday amid fears they had been kidnapped by Iraqi insurgents during a pre-dawn attack that left five other soldiers dead. Soldiers and marines threw up roadblocks west of Baghdad as
Astronomers have used a unique process to determine that a star in our galaxy is nearly as old as the universe itself. The star is 13.2 billion years old, while the universe dates back 13.7 billion years, according to the European Organisation for Astrono
Israeli media reported Saturday that Israeli Foreign Minister Tzipi Livni has said any future Palestinian state would require Israel to withdraw from the West Bank. Israeli Foreign Minister Tzipi Livni made the comments in an interview with Egypt's al-Ahr
Segolene Royal blamed divisions in France's Socialist party for her presidential election defeat and urged colleagues on Saturday to pick a candidate for the 2012 poll soon to avoid a repeat.
Icelanders voted on Saturday in an election that pits environmentalists against big industry backers, a contest experts believe may reshape the island nation's ruling coalition and potentially its economic future.
Palestinian Foreign Minister Ziad Abu Amr on Saturday blamed the Israeli government for the delay in relaunching peace talks with the Palestinians, saying the "ball is in Israel's court." "It is quite clear that Israel bears the responsibility and the bal